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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2018
Dec. 31, 2017
INVESTMENTS IN REAL ESTATE, at cost:    
Operating properties $ 3,156,877 $ 3,180,212
Construction in progress 117,503 113,609
Land held for development 5,881 5,881
Total investments in real estate 3,280,261 3,299,702
Accumulated depreciation (1,144,291) (1,111,007)
Net investments in real estate 2,135,970 2,188,695
INVESTMENTS IN PARTNERSHIPS, at equity: 106,945 216,823
OTHER ASSETS:    
Cash and cash equivalents 42,198 15,348
Tenant and other receivables (net of allowance for doubtful accounts of $7,491 and $7,248 at June 30, 2018 and December 31, 2017, respectively) 30,708 38,166
Intangible assets (net of accumulated amortization of $14,294 and $13,117 at June 30, 2018 and December 31, 2017, respectively) 17,857 17,693
Deferred costs and other assets, net 122,221 112,046
Assets Held-for-sale, Not Part of Disposal Group, Current 15,874  
Total assets 2,471,773 2,588,771
LIABILITIES:    
Mortgage loans payable, net 1,056,686 1,056,084
Long-term Debt 546,919 547,758
Revolving Facilities   53,000
Tenants’ deposits and deferred rent 13,742 11,446
Distributions in excess of partnership investments 94,639 97,868
Derivative Liability   20
Accrued expenses and other liabilities 69,445 61,604
Total liabilities 1,781,431 1,827,780
COMMITMENTS AND CONTINGENCIES (Note 6):
EQUITY:    
Shares of beneficial interest, $1.00 par value per share; 200,000 shares authorized; 70,450 and 69,983 issued and outstanding shares at June 30, 2018 and December 31, 2017, respectively 70,450 69,983
Capital contributed in excess of par 1,667,302 1,663,966
Accumulated other comprehensive income   (7,226)
Distributions in excess of net income (1,192,770) (1,117,290)
Total equity—Pennsylvania Real Estate Investment Trust 559,778 624,039
Noncontrolling interest 130,564 136,952
Total equity 690,342 760,991
Total liabilities and equity 2,471,773 2,588,771
Series B Preferred Stock [Member]    
EQUITY:    
Preferred Shares 35 35
Total equity 35 35
Series C Preferred Stock [Member]    
EQUITY:    
Preferred Shares 69 69
Total equity 69 69
Series D Preferred Stock [Member]    
EQUITY:    
Preferred Shares 50 50
Total equity 50 50
AOCI Attributable to Parent [Member]    
EQUITY:    
Total equity $ 14,642 $ 7,226